Retail Services

Get UPI ID & Payment Gateway digitally

Apply through the app without visiting a branch

Pay 100+ Beneficiaries at once

Pay Vendors, Dealers & Employees Seamlessly.

Your Accountant Initiates. You Approve.

Your team prepares payments. You approve them.

Doorstep Cash Pickup. Credited Instantly.

We come to your premises for secure cash pickup.

Open Account Know More

Every business depends on timely collections, efficient payments and clear reconciliation. IDFC FIRST Bank brings together digital collections, bulk payments, statutory payments, recurring collections and doorstep banking solutions to simplify how money moves through your business.

Accept payments through UPI QR, POS, Soundbox, Payment Gateway or payment links. Automatically identify customer-wise collections through Virtual Accounts, collect recurring payments through NACH, make bulk vendor and salary payments, and arrange cash or cheque pickups from your premises.

Our digital-first solutions help reduce manual effort, improve cash-flow visibility and give you greater control over every transaction. Read more

Our offerings

UPI QR Collections

Get a free UPI QR standee
Create Dynamic QR codes directly through the mobile app

Apply Now Know More

POS and Soundbox

Access zero-rental POS and Soundbox plans*
Reduce credit card MDR to as low as 1%*

Apply Now Know More

Payment Gateway

Zero cost to integrate Payment Gateway with your website or app
Generate and share payment links through WhatsApp and email

Apply Now Know More

Virtual Accounts

Setup virtual accounts at zero cost
Receive real-time alerts for collections

Apply Now Know More

NACH and e-NACH

Collect recurring payments on scheduled dates
Access transaction and settlement reports

Apply Now Know More

Bulk Payments

Add hundreds of beneficiaries and process payments in bulk
Create reusable beneficiary groups and schedule recurring

Apply Now Know More

Tax and Statutory Payments

Tax & Statutory Payments across key government categories
No Beneficiary Addition Required for seamless tax payments

Apply Now Know More

Escrow Accounts

Hold funds on behalf of two or more parties
Release funds according to agreed terms

Apply Now Know More

Maker / Accountant Module

Add accountants and assign payment rights digitally, without visiting a branch
Customize user-level access and permissions through the app

Apply Now Know More

API Banking Solutions

Integrate banking directly with your ERP or business systems
Access to developer platform to explore, test & build APIs

Apply Now Know More

Cash Pickup

Schedule one-time or recurring pickups through the mobile app
Receive Instant credit on cash handover to the pickup officer

Apply Now Know More

Cheque Pickup

Avail doorstep cheque pickup service for free
Track cheques until branch delivery and receive a digital acknowledgement

Apply Now Know More

Why choose us?

Retail Services FAQs

All

Overview 

Eligibility 

Collections 

Payments 

API Banking & Integrations

Escrow Services 

Security & Support 

IDFC FIRST Bank Retail Solutions offer a comprehensive suite of collection, payment, and transaction banking solutions designed to help businesses manage their cash flows efficiently. Whether you're collecting payments from customers, making payouts to vendors, or automating reconciliation, our solutions help simplify day-to-day business banking. 

Retail Solutions include a wide range of business banking services, such as: Collection Solution: UPI Collections, Virtual Accounts, Payment Gateway, POS Solutions, NACH & e-NACH. Payment Solutions: Bulk Payments, Statutory Payments (Tax / GST / Duty / EPFO), API Banking. Other Services: Escrow Services, Doorstep Banking. Together, these solutions help businesses streamline collections, payments, reconciliation, and transaction processing. 

Our solutions are designed for businesses across diverse sectors, including: NBFCs and Financial Institutions, Fintechs, E-commerce Businesses, Education Institutions, Healthcare Providers, Insurance Companies, Real Estate Businesses, Automobile Industry, Retail Businesses, Logistics Companies, Utility Service Providers, Trusts, Associations, Societies and Clubs (TASC). Any business looking to simplify collections, automate payouts, or improve reconciliation processes can benefit from Retail Solutions. 

Our solutions are designed to help businesses: Accept payments through multiple digital channels, Make secure and efficient payouts, Simplify reconciliation processes, Improve operational efficiency, Automate manual workflows, Enhance visibility and control over transactions. With integrated collection and payment capabilities, businesses can manage their transaction lifecycle through a trusted banking partner. 

Retail Solutions are available to business customers holding an IDFC FIRST Bank Current Account or TASC Account, subject to applicable eligibility criteria and regulatory guidelines. 

Yes. Retail Solutions are designed to cater to businesses at different stages of growth, from startups and small businesses to established enterprises, subject to product eligibility and onboarding requirements.

Businesses can accept instant digital payments using IDFC FIRST Bank UPI QR solutions. Depending on business requirements, customers can use QR-based payment acceptance solutions that provide a convenient and seamless payment experience. 

A Virtual Account is a unique account number assigned to a customer, payer, or transaction. It helps businesses identify incoming payments automatically, reduce manual intervention, and simplify reconciliation. 

Doorstep Banking enables customers to request cheque or cash pickup through the bank's digital channels. An authorised representative visits the registered location at a scheduled time, making banking operations more convenient & safe for businesses. 

Businesses can make vendor payments, salary transfers, dealer payouts, and other high-volume disbursements through IDFC FIRST Bank's Bulk Payment solutions available via digital banking channels. 

Businesses can make tax and statutory payments such as GST, TDS, EPFO, custom duty and Direct Taxes through secure digital banking channels, helping simplify compliance and payment processing. 

API Banking enables direct integration between banking services and business applications, ERP systems, websites, or mobile platforms. It helps automate collections, payments, account validation, transaction status enquiries, and reconciliation processes, enabling a seamless banking experience. 

Yes. Eligible solutions such as API Banking can facilitate integration with ERP, accounting, and business management systems to help automate collections, payments, and reconciliation activities. 

Yes. IDFC FIRST Bank offers API Banking services that enable seamless integration with business applications and ERP systems for collections, payments, account validation, transaction status tracking, and automated reconciliation. 

An Escrow Account is a designated account where funds are held securely by the bank on behalf of two or more parties and are released as per pre-agreed terms and conditions. Escrow services are suitable for businesses that require controlled fund management and settlement, including marketplaces, NBFCs, dealers, corporates, fintechs, and project-based businesses, subject to applicable regulatory and bank guidelines. 

IDFC FIRST Bank employs robust security and authentication measures across its digital banking channels to help safeguard business transactions and customer information. 

To learn more about Retail Solutions and identify the solutions best suited for your business, connect with your Relationship Manager or visit your nearest IDFC FIRST Bank branch. 

More FAQs

Get UPI ID & Payment Gateway digitally

Apply through the app without visiting a branch

Retail Services

Our offerings

UPI QR Collections

POS and Soundbox

Payment Gateway

Virtual Accounts

NACH and e-NACH

Bulk Payments

Tax and Statutory Payments

Escrow Accounts

Maker / Accountant Module

API Banking Solutions

Cash Pickup

Cheque Pickup

Why choose us?

Retail Services FAQs

Learn about Current Account in Detail

Dormant/ Inoperative Current Account: Reactivation Process & Benefits

Are you thriving or surviving with your business banking?

Open your business account hassle-free with these current account opening documents

Current account opening documents: What you should keep handy

Why you need a business bank account for your side hustle

How to use your Current Account to save money

Get in touch with us